[CYPRUS STOCK EXCHANGE]   02/04/96             
                        [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)       .       1.07    1.09    1.09  1000   1000       1.150   0.350 
 CYT             1.98T    1.97    1.98    1.99  1500   19500      2.150   0.630 
 CYT WAR95/98    1.22T    1.17    1.19    1.20  1000   4000       1.300   0.400 
 ERA             2.24T    2.20    2.22    2.22  1000   2000       2.340   0.501 
 ERA (0.50)       .       1.73    1.75     .                      1.840   0.320 
 ERA WR95/97      .       1.31    1.43     .                      1.440   0.490 
 EUROINVST FIN   1.38T    1.36    1.38    1.39  1000   5400       1.560   0.430 
 PAN             3.10T    3.04    3.05    3.05  1000   12500      3.440   1.204 
 PAN  (0.30)      .        .      2.50    2.47  2000   200        2.630   0.264 
 PAN WAR92/96     .       5.25     .       .                      5.860   0.580 
 INTERAMERICAN    .       3.71    3.72    3.72  1000   3500       3.810   1.900 
 INTERAM(X-DIV   3.64T    3.59    3.63    3.70  1500   9250       3.080   3.250 
 LIBERTY LIFE    0.92T    0.93    0.94    0.93  3000   3000       0.990   0.620 
 LIBERTY(0.40)    .       0.53    0.57     .    4283   4283       0.790   0.480 
 LIBERTY WR       .        .       .       .                      0.580   0.290